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The company continued its acquisitions, buying the John Crane Company for $204 million and taking a 49% stake in the UK based Crane Packaging, followed by Warren Rupp for $25 million. With the heavy debt created by the LBO, the early 1980s recession, and Japanese competition in the machine tool manufacturing industry, profits disappeared.
Diversifying their product line to include a variety of specialized pumps contributed to significant sales increase and growth in the post-war era. [4] In 2021, The Gorman-Rupp Company had sales of $378.3 Million and was listed by industrial database IndustrySelect as one of the largest pump manufacturers in the United States. [5] [6]
Hale sells fire-trucks, portable pumps, ventilation systems, and the Hurst "Jaws of Life". [5] In January 1998, IDEX agreed to buy Gast Manufacturing of Benton Harbor, Michigan, for $118 million. Gast manufactures compressors, vacuum pumps, air motors and other products. [6] In 2011, IDEX Corporation acquired The Fitzpatrick Company. [7]
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Warren resigned in 1922 to found his own oil company, Warren Petroleum Company of Delaware. He made his headquarters in Tulsa, Oklahoma, with himself and his wife as the only people on the payroll. [3] His firm concentrated on producing and marketing liquefied petroleum gas (LPG), a byproduct of natural gas processing.
Instead, the agency said, the federal government "restarted federal water pumps after they were offline for maintenance for three days," adding, "State water supplies in Southern California remain ...
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